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AMAZON STAKE REDUCTION
Elon Musk net worth declines below $1 trillion: World’s first trillionaire loses elite status as SpaceX stocks slide and Tesla slump hit fortuneElon Musk net worth: Elon Musk's reign as the world's first trillionaire has been short-lived. A significant drop in SpaceX shares followin...- Mutual funds cut technology sector exposure to 8-year low in April. Is AI disruption reshaping sentiment?Mutual funds have significantly reduced their technology sector exposure to an eight-year low, driven by concerns over AI disruption, slowi...
- Jeff Bezos' ex-wife MacKenzie Scott donates $70 million to Meals on Wheels America: How her Amazon fortune is changing livesJeff Bezos' ex-wife, MacKenzie Scott has donated big once again, and this time it is $70 million directed to Meals on Wheels America to hel...
- Amazon layoffs: Which departments will be affected? Here's the breakdownAmazon layoffs: Amazon is initiating a major corporate restructuring this January 2026. The tech giant plans to cut approximately 16,000 ad...
- Amazon stock down after 14,000 corporate job cuts in late 2025, up to 30,000 layoffs now expected — AWS and PXT under pressureAmazon shares dipped as reports confirmed the retail giant may slash 30,000 corporate roles by May 2026. This follow-up to the 14,000 cuts ...
- Jeff Bezos' ex-wife MacKenzie Scott cuts her Amazon stake by $12.6 billion, gives away $80 million as one of largest donationsMacKenzie Scott has donated $80 million to Howard University, one of the largest single gifts in its history, to support general operations...
- Amazon's massive layoffs; Founders cash in IPOAmazon will cut tens of thousands of corporate roles in a major workforce reshuffle. This and more in today's ETtech Top 5.
- MacKenzie Scott cuts Amazon stake by 42%: ReportMacKenzie Scott has significantly reduced her Amazon stake, selling 58 million shares since last year, a reduction valued at $12.55 billion...
- Warren Buffett’s AI legacy: Apple and Amazon now make up a fifth of Berkshire’s $282 billion portfolioBerkshire Hathaway, long known for its conservative investments, now has significant exposure to AI through major holdings in Apple and Ama...
- Boycott movement gains steam: 1 in 5 Americans back boycotting companies that align with Donald Trump’s agenda as new poll reveals growing divideA recent Harris Poll indicates that one in five US consumers is willing to boycott businesses that align with President Trump's policies, p...
- Meesho in talks for secondary deal with Peak XV, Tiger Global at $3.5-3.9 billion valuationSome of Meesho's angel investors and other early backers may sell shares worth around $200 million, people in the know told ET. The transac...
- Meesho FY23 revenue grows 77% to Rs 5,735 crore, loss narrows 48%For the first half of FY24 ended September 30, 2023, Meesho said its operating revenue increased 37% year-on-year to Rs 3,521 crore, with a...
- Antfin to sell 3.6% in Paytm via block deal; Chandrayaan-3 lifts m-cap of space firmsAntfin, the Netherlands-based arm of Chinese fintech giant Ant Financial, is likely to further pare its holding in Paytm by selling a 3.6% ...
- Amazon’s sales from international operations remain flat; losses shrink marginallyLosses in the international business contracted marginally, by 3%, to $1.24 billion, from $1.28 billion in the first quarter of 2022.
- Union labour ministry summons Amazon over layoffsThe development comes after a complaint filed by the employee union Nascent Information Technology Employees Senate (NITES) in which it has...
- Sandhya Devanathan is Meta India’s new head; Amazon begins mass layoffsMeta appointed Sandhya Devanathan as its India head on Thursday, a week after WhatsApp India chief Abhijit Bose left the technology firm, c...
- Alibaba, Ant Group exit Paytm Mall as company announces pivot to ONDCThis move enables the company to create a long-term sustainable business in partnership with ONDC, which aims to democratize the purchase a...
- Amazon Seller Services sees losses widening to Rs 4,830 crore in FY17Amazon Seller Services had recorded a net loss of Rs 3,679.9 crore in 2015-16, as per regulatory documents filed with the corporate affairs...
- Flipkart slashes Myntra budget to compete with AmazonFlipkart is pinning hopes for funding on Walmart Stores, which is said to be in talks to invest up to $1billion for a minority stake in the...
- Google and Amazon in fray to buy Tata's data centre in a deal worth up to Rs 4,589.2 croreThe transaction, if successful, will help Tata Communications reduce debt burden and concentrate on its core data carrier business.
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